A rate hike reprieve
The Federal Reserve hit pause on interest rate hikes, but more could be in the cards. And the Vegas Golden Knights captured their first Stanley Cup title.
👋 Hey! Laura Davis here. Let’s get you caught up on Wednesday’s news.
😱 But first: This woman rescued an animal thinking it was a lemur. It turned out to be something else.
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Fed pauses interest rate hikes but more likely
And then the Fed rested. After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation. That’s more projected hikes than financial markets and many economists anticipated. For now, the benchmark rate will remain at a range of 5% to 5.25% after a streak of 10 consecutive hikes. 📉 Will rates keep going up? We break it down.
Even though the Fed paused rate hikes, chances are you're already reeling.
SEC, Big Ten each top $2 billion in athletic department revenue
Schools in the SEC and Big Ten have proven that college sports are back and raking in the cash. The conferences' earnings show a significant, expected rebound from 2021 amounts that were heavily impacted by the COVID-19 pandemic, a USA TODAY Sports analysis shows. The figures also expose disparities that already exist between those two conferences and the rest of their Power Five peers – gaps that seem almost certain to grow as big-name schools move to the SEC and Big Ten in the coming years. 🏈 How some schools are at a disadvantage.
What everyone's talking about
Eminem’s daughter Alaina Scott is married! See her wedding photos here.
White House says activist who took top off at Pride celebration won't be invited back.
Tori Bowie's death at 32, and what you need to know about eclampsia.
Luke Bryan defends Katy Perry in face of 'Idol' criticism: 'Makes me appreciate her.'
Michigan city council unanimously bans LGBTQ+ Pride flags from city property.
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GOP rivals pounce after Trump's second indictment
Most Republican candidates had been reluctant to discuss the indictment accusing former President Donald Trump of hoarding sensitive classified documents – probably fearful of alienating Trump's large political base. But as more details emerge, and despite Trump's aggressive denials, that's changing by the day. Trump's former vice president, Mike Pence – who criticized the indictment as recently as Saturday – has joined the growing list of 2024 Republican candidates who are now starting to attack him over the criminal charges he's facing. Other notables who have also stepped up criticism of Trump include former South Carolina Gov. Nikki Haley and U.S. Sen. Tim Scott. 👀 Take a look at who's saying what.
Scaramucci: Trump 'stressed' over indictment, predicts he will drop out of 2024 race.
Trump on trial: Unprecedented, shocking, historic. But will it change anything?
Trump was barred from discussing his case with co-defendant and 'body man.' Will that stop him?
Vegas Golden Knights score first Stanley Cup title
From the very start, Vegas Golden Knights owner Bill Foley's goal was to win a Stanley Cup by the team's sixth season. His dream came true on Tuesday night when the Golden Knights routed the Florida Panthers 9-3 to capture the franchise's first NHL championship. The Panthers had pulled off upset after upset to reach the Final but fell to the deep Golden Knights, who went efficiently through the playoffs, winning their title in 22 games. Captain Mark Stone scored a hat trick, the first in a Stanley Cup Final since 1996, and the Golden Knights pulled away in a dominant second period. 🏒 How the game played out.
A break from the news
🍓 Fruit spoiling too fast? Here's how to store produce like a pro.
🗝 The truth about cheating, infidelity and the key to saving your relationship.
🙅♀️ Scammers are trying to snatch your SSN. Here's how they do it.
Laura L. Davis is an Audience Editor at USA TODAY. Send her an email at laura@usatoday.com or follow along with her adventures – and misadventures – on Twitter. Support quality journalism like this? Subscribe to USA TODAY here.
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This article originally appeared on USA TODAY: Federal Reserve, Trump, Golden Knights win Stanley Cup: Wednesday's news
